£20m fund to invest in creative industries
Laura Chesters
Laura Chesters is digital, consumer and luxury goods reporter at The London Evening Standard, i, The Independent and The Independent on Sunday.
Sunday 04 March 2012
Related articles
Budding British fashion firms will soon be eyeing up a £20m fund that will invest in up-and-coming businesses across design, creative and media industries.
Ingenious Ventures, whose parent company has a stake in the Creamfields music festivals, said its Media Opportunities Fund will start investing from April. Among the targets are mobile commerce, fashion e-commerce operators, advanced digital marketing providers and high-end fashion designers.
Patrick Bradley, Ingenious's chief executive, said: "The [fashion] sector remains an important, vibrant asset within the UK economy. Look at the success of London Fashion Week. We want to tap into this country's raft of exciting companies."
The fund is an Enterprise Investment Scheme, so, investors are eligible for 30 per cent tax relief on investments made of up to £500,000.
Ingenious has invested £6bn in the creative industries since its launch in 1998.
- 1 Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Woolwich murder: They killed, then they performed - these men should be starved of our attention
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
The man who's eaten everywhere
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?
Banned Iranian director to attend Cannes Film Festival
The 10 Best salt and pepper sets
Ferran Soriano: Predicting success if Manchester City 'vision' is followed
Edward VIII’s phone calls - and how MI5 bugged them


Comments